5 years ago
Oxbotica Secures $47 Million in Series B Funding Led by bp ventures
Oxbotica, a London, UK-based provider of autonomous vehicle software solutions, has raised $47 million in Series B funding
The round was led by bp ventures with participation from BGF, bp ventures, Halma, HostPlus, IP Group,Tencent, Venture Science, and funds advised by Doxa Partners
Oxbotica intends to use the funds to accelerate commercial deployment of its autonomy software platform across multiple industries and key markets.
ProblemTechnology
"Deploying autonomous vehicle software solutions is slow, energy intensive, and difficult to integrate across different industries."
Solution
"Oxbotica has developed a software platform that offers fast, low-energy, hardware-agnostic autonomy, making it applicable to a wide range of vehicle types, both on and off road."